Perstorp acquires GEO’s Di-Methylolpropionic acid business
This acquisition is intended to further accentuate the company’s strategic presence in Polyurethane and Alkyds dispersions and becoming a specialty leader in various waterborne coating markets.
“Our strategy is to be the sustainable solutions provider within our focus segments, of which resins and coatings is one. Additives for waterborne resins and coatings technologies are a key area for future growth. This acquisition will both allow further development of our offering and enable long term investments to safeguard future availability,” says Jan Secher, President and CEO of Perstorp Group.
Smooth business transition
As of January 2022, Perstorp resumes control of GEO’s DMPA business. GEO will continue to produce DMPA exclusively for Perstorp in Allentown, Pennsylvania. Perstorp and GEO are jointly committed to ensuring a smooth business transition process, focusing on security of supply and service. CPS Performance Materials, the parent company of GEO, is a diverse specialty chemical company with businesses serving multiple end markets including pharmaceuticals, nutrition, specialty coatings and dispersants.